Expert Analyses of the following article:
Credit Scoring
Source: www.iii.org
May 7, 2008
Insurance Scoring is a Compliance Nightmare: 50 States, 50 Sets of Rules
Author: GLG Expert Contributor
Author: GLG Expert Contributor
In the absence of a sweeping change in federal legislation, insurance underwriting today is regulated by the states. This means that when the Mississippi or Texas or Alaska state legislature passes a new bill governing the use of credit scores in insurance underwriting, all involved parties must change their algorithms in order to comply. Since generic credit scoring itself is regulated...
April 28, 2008
Credit Scoring Should Not Be Used In Determining The Price For Insurance Except For Bonding.
Author: GLG Expert Contributor
Author: GLG Expert Contributor
Credit scoring further injures those applicants who have had very difficult changes in their lives- mostly by no fault of their own.
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